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Food prices on the rise
Consumers paid higher prices for food in 2012. Food prices rose 1.8% last year, and it's not going to get any better.
After last summer's drought, consumers can expect to pay 3 percent to 4 percent more for groceries this year. According to the U.S. Department of Agriculture, beef prices as a whole could see the biggest jump, from 4 percent to 5 percent.
News of higher grocery prices comes at a time when Americans are saving less and less. Experts say it's important to know just how much debt you have. If your not meeting your debt-reduction goals, then it may be time to find a new financial plan.
Remember, the sooner you start saving, the longer your money will have a chance to grow. And the best time to start saving is early in your career.
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